It is generally less expensive to form a corporation than a proprietorship because, with a proprietorship, extensive legal documents are required.
Answer the following statement true (T) or false (F)
False
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When the sales order department acknowledges a customer order, it is an example of a:
a. vertical information flow b. horizontal information flow c. both vertical and horizontal information flow d. neither vertical nor horizontal information flow
Which of the following is an example of intensive growth?
A) a company improves its market share with its current products in the current markets B) a company enters a new market with current products C) a company develops new products for its existing markets D) a company improving sales by integrating backward E) a company developing new products for new markets
Pink Corporation owns 80 percent of Sink Company's voting shares. During 20X4, Pink produced 60,000 smart phones at a cost of $62 each and sold 45,000 smart phones to Sink for $93 each. Sink sold 26,000 of the smart phones to unaffiliated companies for $128 each prior to December 31, 20X4, and sold the remainder in early 20X5 to unaffiliated companies for $133 each. Both companies use the perpetual inventory systems.Based on the information given above, what amount of cost of goods sold did Pink record in 20X4?
A. $1,612,000 B. $3,596,000 C. $2,418,000 D. $2,790,000
The deliberation of the jury takes place in private
a. True b. False